# Rand slumps, yields at record highs as SA Inc falters - Moneyweb

> The rand fell to about R19.20 per dollar, its weakest since June, and South African bond yields hit record highs on fiscal concerns and a global risk-off mood. Citigroup said the Reserve Bank's caution was holding the rand back.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/34406-rand-slumps-yields-at-record-highs-as-sa-inc-falters-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A sharp rand selloff raises the local cost of imported feed ingredients and pressures South African feed margins, though global prices are not directly moved.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-slumps-yields-at-record-highs-as-sa-inc-falters/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.